New acquisitions helped electrical wholesaler and lighting distributor ARB Holdings boost revenue 4.5% to R2.7bn in the year to end-June, but SA’s tepid economic growth and lack of infrastructure continues to darken its short-to-medium-term outlook. 

Operating profit for the period fell 24% to R155.4m, with the profitability of the group’s electrical division performing particularly poorly, falling 33.7% as the company continues to face reduced demand in the wake of Eskom’s debt woes.

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